credit suisse

Principal makes way for next gen succession at H&M, Louis Dreyfus Company heiress open to selling stake and Hong Kong headwinds hit LVMH.

Principal makes way for next gen succession at H&M

The billionaire Persson family principal of Sweden’s Hennes & Mauritz has called for his son to succeed him as chairman as the $1.7 billion fast fashion family business welcomes its first female chief executive in its 73-year history.

Family businesses outpace non-family businesses in growth and revenue, and investors worth more than $50 million are the most confident of all investors when it comes to sustainable investing, according to two separate studies.

Family businesses outpace non-family businesses in growth and revenue, and investors worth more than $50 million are the most confident of all investors when it comes to sustainable investing, according to two separate studies.

Revenue growth was stronger, earnings before interest, taxes, depreciation and amortisation margins were higher, cash flow returns were better and gearing was lower among family firms, revealed the new Credit Suisse Family 1000 in 2018 report by the Credit Suisse Research Institute.

Switzerland is one of the most stable economies in the world. Analysts say the Swiss economy is set to expand in 2017 and is currently fairly valued. Tanzeel Akhtar reports

Switzerland is one of the most stable economies in the world. Analysts say the Swiss economy is set to expand in 2017 and is currently fairly valued. Tanzeel Akhtar reports

The country is known for its neutral political stance, growth economy, strong currency, and low unemployment rate. Not forgetting its highly competitive tax regime. Is Switzerland embarking on another boom phase?

Family offices and high net worth individuals continue to be among the leading investors in impact investments, despite increasing interest from mainstream financial institutions, according to a new report.

Family offices and high net worth individuals continue to be among the leading investors in impact investments, despite increasing interest from mainstream financial institutions, according to a new report.

Released by the Global Impact Investing Network (GIIN) and JP Morgan, the sixth annual Impact Investor Surveyfound that wealthy individuals and families accounted for 11% of total capital raised by fund managers.

While a good reputation can bolster consumer loyalty and even increase sales, one slip up in the public eye can set a family name back generations. A new report by Campden Wealth and Credit Suisse looks at the increasing importance of reputation management in Asia

When Korea Air vice president Cho Hyun-ah delayed a flight on her family’s airline last year after becoming enraged by a flight attendant who served her nuts in a bag rather than on a plate, the public fallout was immediate. Twitter hashtags were created and newspaper editorials criticised her entitlement. Within a month the 40-year-old had resigned from all her positions within the family holding company Hanjin Group and is facing criminal charges, while her family’s airline is looking at a $2 million fine and possible flight bans.

Swiss banks are coming to terms with a world with less banking secrecy. But are they adapting fast enough to a public that wants more transparency?

It’s hard to know what makes a bank safe from collapse these days. The financial crisis a few years back turned everything on its head. But there are things a bank can do – you would hope – that can help stave off collapse.

The number of millionaires globally is set to increase by 18 million to 46 million in 2017, despite big falls in wealth over the last year.

The number of millionaires globally is set to increase by 18 million to 46 million in 2017, despite big falls in wealth over the last year.

That’s according to research by Credit Suisse, which said Europe lost almost $10.9 trillion (€8.4 trillion) in household assets in the year to June while Asia-Pacific shed about $1.4 trillion, as economic uncertainty continued to take its toll.